Partnership6 Nov 2026, 10:40 am
IndusInd Bank Partners J.P. Morgan for 123 Currency Remittances
AI Summary
IndusInd Bank has partnered with J.P. Morgan Payments to enhance its outward remittance services by expanding coverage to 123 currencies. Leveraging J.P. Morgan's Xpedite solution, IndusInd Bank customers can now send payments directly in the beneficiary's local currency, simplifying the process and reducing conversion needs. This collaboration aims to provide faster, more efficient cross-border payments. The service is currently available at bank branches and will soon be accessible via online and mobile banking, offering 24/7 initiation.
Key Highlights
- Expanded outward remittance to 123 currencies via J.P. Morgan Payments.
- Direct local currency settlement for beneficiaries, reducing conversion needs.
- Enhanced remittance experience with faster and more efficient transfers.
- Service to be available 24/7 via online and mobile banking soon.
Price Impact
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